The Fed Succession

[CountDeMoney]

Does it even matter?  Wall Street's going to call the shots anyway.

Might as well appoint a monarch or other useless figurehead.

[Admiral Yi]

 

How would the Fed operate if all they cared about was Teh People, Seedy?  What would they do differently?

[CountDeMoney]

I wouldnt know, I dont do bullshit exercises in rhetoric.

[Admiral Yi]

I wouldnt know, I dont do bullshit exercises in rhetoric.

You don't know what a "properly" operating Fed would look like, but you know they're doing it wrong now.  Totally ossum.

[CountDeMoney]

I just dont put any stock in it, like you guys who seem to think it even matters.

And people say Liberal Arts students are useless.  Aint got shit on Economics types.

[Admiral Yi]

I just dont put any stock in it

I don't know what this means, and you're not going to tell me.

[CountDeMoney]

It's like Tamas arguing about religion..  You True Believers are going to keep believing in your little magic show.

[Admiral Yi]

That's it. 

[Neil]

I think Summers is a cautionary tale for really intelligent people like me.  He shows that even very intelligent people can fuck things up big time if they lack humility or appreciation for the limits of their intelligence.

Humility, thy name is DGuller.

Dorsey has a lot to be humble about.  Remember that time he tried to scam himself into hispanicdom, or tried to run over his own foot for some weird scammy reason?

[Ed Anger]

I think Summers is a cautionary tale for really intelligent people like me.  He shows that even very intelligent people can fuck things up big time if they lack humility or appreciation for the limits of their intelligence.

Humility, thy name is DGuller.

Dorsey has a lot to be humble about.  Remember that time he tried to scam himself into hispanicdom, or tried to run over his own foot for some weird scammy reason?

I miss Dorsey.

[citizen k]

Yellen Has No Clue How to Run Fed: Stockman

http://www.bloomberg.com/video/yellen-has-no-clue-how-to-run-fed-stockman-RnqlDaA3Rm~G4IkxbFwmFA.html#ooid=w4MmdvZTrv3YYtHTiImeN7yaiRS46EY4

[The Minsky Moment]

I guess Bozo wasn't available for comment, so Bloomberg had to settle for David Stockman.

[Admiral Yi]

David Stockman is the only man in the US who stood up to Ronald Reagan about his deficits.  The man is a profile in courage.

[The Minsky Moment]

David Stockman caused those deficits.  He is at worse a profile in gross hypocrisy, at best a profile in general cluelessness.

[Admiral Yi]

That's ridiculous.  The deficit is set jointly by the Congress and the president, not by the director of the OMB.